Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026)
Caledonia Mining (CMCL) posted quarterly Return on Capital Employed of 19.71% for Q1 2026, down 932.0% year-over-year from 2.37% in Q1 2025, and down 9.14% quarter-over-quarter from 21.69% in Q4 2025.
Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026) Analysis & Trends
Caledonia Mining (CMCL) has reported Return on Capital Employed for 17 consecutive years, with 19.71% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 932.0% year-over-year to 19.71%; the TTM figure through Mar 2026 stood at 19.71% (down 932.0% YoY), while the FY2025 annual figure was 40.56%, up 2500.0% from the prior year.
- Return on Capital Employed declined to 19.71% in Q1 2026 per CMCL's latest filing, from 21.69% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 29.03% in Q1 2025 and bottomed at 1.69% in Q3 2023.
- Historically, Return on Capital Employed has averaged 15.74% across 5 years, with a median of 18.15% in 2025.
- Annual changes were most pronounced in 2023 — Return on Capital Employed slumped 1961 bps — and 2025, when it soared 2197 bps.
- Caledonia Mining's Return on Capital Employed stood at 19.61% in 2022, then sank by 81 bps to 3.82% in 2023, then soared by 544 bps to 24.6% in 2024, then slipped by 12 bps to 21.69% in 2025, then declined by 9 bps to 19.71% in 2026.
- Business Quant data shows CMCL's Return on Capital Employed at 19.71% in Q1 2026, 21.69% in Q4 2025, and 16.95% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.45 Bn | 131.44 Bn | 4.03 Bn | 9.92% |
| 2 | Agnico Eagle Mines | 108.80 Bn | 105.34 Bn | 2.43 Bn | 24.13% |
| 3 | Barrick Mining | 79.45 Bn | 73.52 Bn | 2.90 Bn | 11.06% |
| 4 | Wheaton Precious Metals | 71.58 Bn | 71.48 Bn | 687.86 Mn | 23.16% |
| 5 | AngloGold Ashanti | 61.94 Bn | 59.11 Bn | 1.70 Bn | 18.19% |
| 6 | Gold Fields | 42.71 Bn | 40.93 Bn | - | - |
| 7 | Pan American Silver | 22.35 Bn | 20.78 Bn | 457,000.00 | - |
| 8 | Royal Gold | 21.96 Bn | 21.77 Bn | 390.45 Mn | 10.17% |
| 9 | Coeur Mining | 21.68 Bn | 20.62 Bn | 535.85 Mn | 9.10% |
| 10 | Caledonia Mining | 479.02 Mn | 307.24 Mn | 39.18 Mn | 24.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.54% |
| Mar 31, 2026 | 19.71% |
| Dec 31, 2025 | 21.69% |
| Sep 30, 2025 | 16.95% |
| Jun 30, 2025 | 18.15% |
| Mar 31, 2025 | 29.03% |
| Dec 31, 2024 | 24.60% |
| Sep 30, 2024 | 17.92% |
| Jun 30, 2024 | 11.20% |
| Mar 31, 2024 | 7.05% |
| Dec 31, 2023 | 3.82% |
| Sep 30, 2023 | 1.69% |
| Jun 30, 2023 | 2.83% |
| Mar 31, 2023 | 10.66% |
| Dec 31, 2022 | 19.61% |
| Sep 30, 2022 | 21.30% |
| Jun 30, 2022 | 21.90% |
| Mar 31, 2022 | 19.43% |
| Dec 31, 2021 | 19.37% |
| Sep 30, 2021 | 19.35% |